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any republicans. >> thank you. >>> next, detroit may be the canary in the coal mine but how can it be that banks are too big to fail but our cities are on their own. this is your first time missing a payment. and you've got the it card, so we won't hike up your apr for paying late. that's great! it is great! thank you. at discover, we treat you like you'd treat you. get the it card with late payment forgiveness. [ crashing ] [ male announcer ] when your favorite food starts a fight, fight back fast with tums. trusted heartburn relief that goes to work in seconds. nothing works faster. ♪ tum, tum tum tum tums! plays a key role throughout our lives. one a day women's 50+ is a complete multivitamin designed for women's health concerns as we age. with 7 antioxidants to support cell health. one a day women's 50+. with 7 antioxidants to support cell health. "stubborn love" by the lumineers did you i did. email? so what did you think of the house? did you see the school ratings? oh, you're right. hey babe, i got to go. bye daddy! have a good day at school, ok? ...but what about when
these rumors on the street. >>steve: and repeating them on that detroit radio station. bill o'reilly booked her last night. it was fiery. watch. >> chicago police, as you well know, are not gunning down black children. you know that; right? >> well, certainly they are not, bill. but based upon the history of african-americans in this country and based upon the fact that 70% of the murders in chicago are unsolved, 70% are unsolved, people are wondering what the heck is going on. certainly monique davis, who is a good friend to the police, who supports the police, i believe they're our first responder and i respect that, but i have the right as a legislator to repeat what my community says to me. >> not if it's irresponsible you don't. i hear a lot of *eurp -- irresponsible stuff. >> i don't think it is irresponsible. >> for chicago police to be accused of gunning down children? you don't think it'sish responsible. >> i don't think they said that. i said there was some suspicion -- >> that's irresponsible without any evidence. >>steve: we all hear crazy stuff. when you're in a position of power a
're watching fox. keep watching. we will not stop watching out for you. ♪ ♪ >> david: well, first detroit goes bust. will new york and chicago be next? the mayors of those two cities warning that their public pension costs are growing totally out of control, which is really what did in detroit. and many other cities are facing the same time bomb. is this proof it's time to scrap public pensions before they all go bust? hi, everybody. i'm david asman. welcome to "forbes on fox." let's go in focus with steve forbes, john candy, rich carlguard, elizabeth mc donald. should we scrap the public pensions? >> yes. get rid of them. what is public service? a sacrifice. it's supposed to be a short-term sacrifice before you go to the private sector to produce real economic growth. the problem now with high government pay and the big pension plans is we're creating life long government workers that are a burden on the people working in the real economy. if you get rid of them, they have incentive to get in the real world and cities will no longer have pension problems. >> david: well, rick, and the pension
, share your thoughts with us on twitter @edshow and on facebook. >>> the ripple effect on how detroit's bankruptcy is affecting workers beyond city limits and some pennsylvania lawmakers are becoming law breakers in the name of marriage equality. i'll ask two state leaders if the move is enough to redefine marriage in the keystone state. lots more coming up on "the ed show." can get cash back. i'm here to help you get the most out of your cash rewards. it's personalized, and it's free. i want that. we have a concierge! at discover, we treat you like you'd treat you. get the it card with cashback concierge. plays a key role throughout our lives. one a day men's 50+ is a complete multivitamin designed for men's health concerns as we age. it has 7 antioxidants to support cell health. one a day men's 50+. it has 7 antioxidants to support cell health. i want you to know stuff i want you to be kind. i want you to be smart. super smart. i want one thing in a doctor. to speak my language. i don't want you to look at the chart before you say hi...david. quiero que me hagas sentir segura. i wan
. at&t mobile share for business. ♪ >> neil: detroit goes bust. michigan lawmakers needing to find ways to rev up cash. are unions pushing for a detroit bailout about to get their way? stewart, you argue that at least weapon it comes to pensioners they need help. >> absolutely. the city of detroit and the state of michigan made a commitment to workers years and years ago, that they would get a pension. many times they negotiated for higher pensions and less wages. and firefighters police officers need pensions like the rest of us do. the average negligence detroit -- average pension in detroit is $19,000. hardly lavish. the pensions and i would argue we have to save detroit. >> neil: a lot of cities in line. i'm not blaming unions. a lot of inept imaginer -- managers that let his happened but unfunded high schools that can't -- unopportunitied liabilities. you have a host of other u.s. cities in arrears, a number of states on the brink. where do you draw the line? >> the problem in detroit is similar to other stays and that's a conscious effort to deindustrialize america. these are prim
that route, you have more rid lin described. >> another big business. >> doc, before we go, a detroit area doctor, of course, detroit, charged with cheating the government out of tens of millions of dollars deliberately misdiagnosing patients with cancer and illegally billing them for treatment. >> oh, my god, if it's true, let me tell you something, it's a big business. oncologists prescribe their own chemotherapy, making loot, medicare is cracking down on that, no longer going to be available to do that. this guy apparently, the clinics made $35 million in two years, 24 until many medication. one guy fell, hit the head, and told you have to have chemo before going to the hospital. the parties didn't even have cancer. if this is true, it's a real black mark on the medical profession. >> a guy like this, through him under the prison. no parole, nothing. this is just -- i mean, -- >> disgusting. absolutely. >> great foppics, appreciate it, thanks. record number of americans on food stamps. you knew that. what are your taxpayer dollars paying for? try sushi, lobster for this guy. >> wake up,
, in washington, d.c., in st. louis, in kansas city, in detroit, in flint, michigan, and other areas around this -- fast food workers. they were people who work in burger king, mcdonald's, popeye, they are the ones who give you the hamburgers and the french fries. what they are saying is workers all over this country, they cannot make it on $7.25 an hour, $7.50 an hour. often they are unable to get 40 hours of work and in most cases they get no or very limited benefits. all over the country, these workers, often young people, are walking out of their establishments, their fast-food places and are educating the consumers about the economic injustice taking place in these fast-food establishments. what they are saying is we need to raise the minimum wage in this country, that american workers cannot exist on $7.25 an hour which is the national minimum wage now or $8 an hour or $9 an hour. my own view is that the very least we should be raising the minimum wage to $10 an hour. just do the arithmetic. if somebody is making $7.25 an hour and if they are lucky enough to be getting 40 hours a week
exactly that. bill: will detroit now have the biggest yard sale we've seen in american history? why bankrupt detroit is now assessing its own art treasures to raise money. what in the world will come next? >> nothing's being proposed for sale and nothing is being sold. we need to know how much it is work. >> selling the dia would be like detroit announcing it is giving up. so then the little tiny chipmunks go all the way up... ♪ [ female announcer ] when your swapportunity comes, take it. ♪ what? what? what? [ female announcer ] yoplait. it is so good. bill: flights will resume later today after east africa's largest airport was engulfed in flames. the fire tearing through the arrival section in nairobi, kenya. all flights had to be rereported. took firefighters four hours to put the fire out t was 15 years ago today the embassies in nairobi and tanzania were bombed. investigators say there was no signs after terror attack at the airport in nairobi today. 25 minutes after the hour. heather: a daredevil pulls off an amazing stunt in the skies over illinois. take a look. this is h
like detroit or even something bigger like the credible growing class of poor people? >> well, what you want to do first? >> either. take your pick. >> okay. detroit, the first thing i would do is analyze what really happened there. why did it go wrong? there's some obvious things. the city had been run by democrats unchecked since i think the last republican mayor was 1957. okay? you've had -- that town has been a petry dish of everything the democrat party stands for. everything the democratic party loves. massive unions, massive pensions, pay people pensions and health care long after they've stopped working. the math doesn't add up. you have massive welfare states where citizens are given things left and right in order to buy their votes. you have no opposition whatsoever. then in the case of detroit, you throw race into the mix, and you bring on mayor coleman young who causes riots in 1967 detroit and mayor young caused a white flight to sub suburb-ia and detroit is left with nothing but liberal democrats running it. it is what it is. any place in this country that has similar circ
, of course, his appeal. the biggest names on the list of 12, as you call it, jhonny peralta of the detroit tigers, that's big. the starting shortstop for the tigers. and, by the way, they are leading the a.l. central leader. nelson cruz, all-star player for the texas rangers. but everybody trumped by alex rodriguez, highest paid player in major league baseball, suspended for all of this year and next year. still owed $86 million by the yankees in the remainder of his contract, and what makes this story have a little more sizzle on this day, is the yankees are playing in chicago this evening. a. rod is expected to take the field for the yankees unless we hear otherwise this evening in chicago. we'll have more on this story for the remainder -- throughout the remainder of this program and the "closing bell" at 4:00. but let's get back to our discussion with the market guests, as we focus on this monday in august on wall street. again, josh brown was with us, as is rick santelli, kyle harrington, and anton bear from up capital. anton, to you, what do you make of where we are in the market? wh
and a few thought detroit was the exception think again, we are talking trillions of dollars of debt ended all comes down to public workers' pension. alex rodriguez will still take the field, he can think unions and collective bargaining and youth unemployment, don't worry, you can stay home with mom and dad. all that and more on a fresh hour of "varney and company". let's check the big board. we have been down 56 points. one of our big things today, the question is profits, can they keep pace with stock prices. liz: the bulls are seeing corporate earnings have to pick up steam for the market to charge even higher, we are looking on track for 4.7% growth in the second quarter and analysts expect 4.8% profit growth in the third quarter, ten.7 in the fourth. peaceably like we have seen in june, the june swoon the past three summers we see a juice. you can see a solution we are not seeing it yet, the market is up 1% for august. charles: i got to tell you so the audience knows, not manufacturing data from the service part of the economy which is obviously the overwhelming part, 56, the street
. thanks for having me on. >> so let's fire up the first one. this is ed schultz who blame the detroit bankruptcy on republican promises and lies. let's hear it. >> republican promises and lies were at the core of the destruction of detroit. you have to admit that outsourcing and laying money offshore and not paying taxes, that's a republican thing. >> so no republican governance at all in that city since 1961. one republican councilmember, same congressman, john dingle for 57 years, since he was 29. tax and spend policies. city pensions, benefits handed out, the largest chunk, and it is all the republicans. >> really? that's an old progressive trick which is to blame the federal government or reagan or some long lost republican administration for what is happening locally as though local leaders have no responsibility. they've done that in other places. not just detroit. talked to people in oakland. do they blame who they've elected in oakland? no. they've blamed someone else, somewhere else. republicans are an easy target. >> let's go. and i jokingly said it. liz cheney, the daughter
city the next detroit? why some are saying the big apple could be on the verge of bankruptcy. >>> and new concerns about the ailing u.s. economy. why a growing number of young adults are living with mom and dad. take theseags to room 12 please. [ garth ] bjors small busiss earns double miles on every purchase every day. produce delivery. [ bjorn ] just put it on my spark card. [ garth why settle for less? ahh, oh! [ garth ] great businesses deserve limited reward here's your wake up call. [ male announcer ] get the spark business card from capital one and earn unlimited rewards. choose double miles or 2% cash back on every purchase every day. what's in your wallet? [ crows ] now where's the snooze button? it's a reality check. i had my reality check when i'd be sitting there with my friends who had their verizon phones and i'd be sitting there like "mine's still loading!" i couldn't get email. i couldn't stream movies. i couldn't upload any of our music. that's when i decided to switch. now that i'm on verizon, everything moves fast. with verizon, i have that reliability. i'm
if you heard this but detroit announced bankruptcy today. that is the top story today. so the goal is to have the cities find a way to grab ahold of that suburban tax money and bring it into the city. so the bottom line is that barack obama wants to redistribute the wealth of america's suburbs to the city. to see the radical file community organizers who mentored and trained barack obama all those years ago in chicago they really didn't like the suburbs. in fact their ultimate goal was literally to abolish the suburbs. why were obama's radical organizing mentors so upset about the suburbs? they blamed the suburbs for the problems of the city because when people move out to the suburbs, they take their tax money with them. so obama's radical organizers put on their thinking caps and came up with a strategy for the economic and political independence of america. and as the strategies came, a movement called the regional equity movement, the regional equity movement sometimes is just called regionalism for short. it goes under different names and you might have also heard of the idea
could go bankrupt just like detroit unless steps are taken to get the costs of pensions and health care under control. live in fox central, this is chilling. tell us more, david lee. >> consider this, alisyn. detroit is the largest city in the u.s. to declare bankruptcy in the red more than $18 billion. other even larger cities could be next. in a little more than three months, new yorkers will elect a new mayor. in a recent warning from mayor michael bloomberg to his successor is now reverberating around the city. >> avoiding the hard choices is how detroit went bankrupt. >> reporter: bloomberg says health and pension costs for city work that's right contributed to detroit's financial ruin threaten economic stability. most new york city employees and retirees pay nothing for $6.3 billion in health insurance. workers also pay little for tensi pensions that have taxpayers on the hook for $8 billion this year. >> new york city has right now 10,000 police officers retired who are under 40 and collecting pensions and they will technically collect those pensions for the rest of their lives.
on the wall. first detroit, next chicago? a billion dollar budget shortfall by 2015. what's next for chicago? we'll deal with them next. ♪ announcer: where can an investor be a name and not a number? scottrade. ron: i'm never alone with scottrade. i n always call or stop by my local office. they're nearby and ready to help. so when i have questions, i can talk to someone who knows exactly how i trade. because i don't trade like everybody. i trade like me. that's why i'm with scottrade. announcer: scottrade- proud to be ranked "best overall client experience." >> this is a very low volume wednesday in the first part of august and the market is down 57 points. how about the price of gold? fell below he 1300 recently and still below 1300. 1283 is the quote now. dead flat. look at disney. it is the biggest loser on the dow, why? well, losses from its flop film. lone ranger is hurting them. plus, disney is coming off a high and it's down near 3%. i've got troubling news on chicago's financial problems, the city is predicting a $1 billion shortfall by 2015. john tillman from the illinois policy
by the military? we have more on this developing story. >>> also, is new york city on the brink of a detroit-style bankruptcy? new york city has been on the brink in the past. the warning from the mayor mike bloomberg that just came down. a question that's surfacing today, is this real? is this really where new york city is today, or is this somehow just a scare tactic from the mayor? we're live with that story next. ♪ ♪ we've been bringing people together. today, we'd like people to come together on something that concerns all of us. obesity. and as the nation's leading beverage company, we can play an important role. that includes continually providing more options. giving people easy ways to help make informed choices. and offering portion controlled versions of our most popular drinks. it also means working with our industry to voluntarily change what's offered in schools. but beating obesity will take continued action by all of us, based on one simple common sense fact... all calories count. and if you eat and drink more calories than you burn off, you'll gain weight. that goes for
games in the ongoing investigation, and among those, texas rangers right fielder cruz, detroit shortstop, and still no word on yankee's star alex rodriguez. adam: embassies authorized to open by the state department after they were closed sunday because of a threat from al-qaeda. nineteen posts, however, remain closed as a result of what the state department calls an exercise of caution. back in the united states, no suggestion that new york city faces a direct threat. the nypd made no changes, even as the department of homeland security beefs up its presence at airports and train stations. fox news middle east and terrorism analyst joining us with the latest development. i got to let you know, i'm going to bring something into the discussion, you know, the price of oil is actually falling right now, indicating that at least investors don't seem as concerned as the u.s. government. is this a false alarm? i mean, we have members of congress saying it was a cred l -- credible threat. >> look, the financial world is always concerned about the financial root, the financial structures, so if
levin. when are you moving? chicago is getting a lot like detroit. when are you moving? >> i am not moving anytime soon. detroit.is a lot different than it is run better. it is in trouble like every state in the nation, but no shape like detroit. you want to be here in the summer in chicago. if i moved, i would probably move in the winter. stuart: it is a friday morning and summer. i see people ripping up contracts behind you and chucking it behind you. larry, the fed is still all about when ben quits or reduces printing, isn't it? >> where the dallas fed president the last couple of days talk about how complicated of a situation this is. that is looking the market little bit but not a whole lot. the stock index trading bejg me still sitting at all-time highs. wwe're thinking but when is bernanke going to be talking about it. that is when the market will really get spooked and lose a lot of ground. stuart: thank you very much, indeed, out there in chicago. the opening bell is ringing. we expect the (to be lower, and it is. this will be a slow trading session, a thin market, thin
unfortunately. >>> a new showdown over detroit's request for bankruptcy protection. unions and retirees are challenging the math suggesting that the city's financial position is not as bad as claimed. detroit's emergency manager saying that the city has at least $18 billion in liabilities and doesn't have enough revenue to pay them off. retirees and unions fear they could lose their pensions or have to pay more for health care. if the bankruptcy goes through, the hearing is set for october. martha: well there are almost 50 unions in the city of detroit and detroit is said to have long-term liabilities and debt of at least $18 billion. that includes $3.5 billion of unfunded pensions in the city as well as $5.7 billion in unfunded health benefits. the rest is owed to bondholders and other unsecured creditors. detroit's population is plummeting. since 2000, the city has lost more than 55 residents every single day. all of that adds up to a huge amount of problem in bankruptcy that detroit is seeing and a lesson for many other american cities as well. we're just getting started. we have a b
for detroit. 20 10 air cargo threat as well as other plots that were effectively mitigated. some more international in scope and origin like the christmas they plot was involved a nigerian citizen who purchased his ticket in ghama,. flew from legos to amsterdam and attended to ignite a bomb en route to america. that attempted attack, we learned that relevant information possessed by u.s. customs and border protection needed to be available overseas at the last point of departure for the united states. we fixed that. we learned that our adversaries were moving to nonmetallic devices. we adapted our screening technology and tactics to counter that. learned that a single vulnerability in any part of the aviation system can make everyone connected to it vulnerable. since we don't control security at foreign airports, we have to work even more closely with international partners to raise the overall security of the system. we did that. shortly after the christmas day plot, i launched a worldwide initiative to make these needed changes in close collaboration with our strongest allies. i am
-free municipal bond, but does detroit give you cause for concern? and other cities across the country that are in similar condition? >> well, i wouldn't touch the cities. you've got to do your homework. so, cities, whether it is harrisburg or detroit or stockton, california, they're are a number of cities you've got to get under the hood and look at the credits but if you look at the highest grade, quality tax-free bond today, they're out there with the yields between 4 and 5% and they're not city credits. they're not detroit's. when that analysis is done, at our present tax structure the taxable equivalent yield is about nine. where are you going to get nine in a liquid investment of very high credit quality? i don't see very much of it. so we shifted allocation to tax-free bond. ashley: very good. do your homework. always good advice. david kotok, thank you so much for joining us. we appreciate it. >> thank you. lori: let's take a specific look at the market because the gains thus far are evaporating slightly. lauren simonetti joins us from the floor of the stock exchange. you're wa
york city like detroit. we're not detroit. but with actions like this and with actions like the city council where they just recently passed a law that says individuals can actually sue policemen individually, not corporately, it's really unfortunate. >> gretchen: it's interesting to see when you have the police commissioner, ray kelly and the mayor agreeing so strongly on this particular issue, 'cause they don't agree on everything, to see them come out and be so upset about this must say something about the way in which they've been conducting business for the last decade. i just want you to look at the stats. here is new york city crime stats. 2012-2013, murder down 27.5%. murder down, shooting incidents down, 28.6%. so joe, how do you expect that to change when officers can no longer stop and frisk? >> well, officers can still stop and frisk, but they're going to be handcuffed in how they do it. the judge basically thinks and without any credible evidence that police officers are stopping people for -- without having any suspicious activity, when in fact, that's been not proven.
. i am just outside detroit. i have always been able to find a job and my skill trade. it may not pay what i wanted to. that's what i want it to. wanteday not pay what i to. host: detroit is getting a lot of attention as far as bankruptcy issues and what it means as far as michigan's economy. do you think it has a spillover effect? bad.r: it is pretty i am underwater right now. i bought a condo and refinanced it. up --ndo beneath me went went for 21,000. one guys a realtor and said that value is coming back up. it is going to take a while and i understand that. host: things do not happen overnight. that is brad america look tonight -- on our -- that is brad on our republican line. next caller -- caller: let because he, as a prospective college student, i am seeing some improvement. tennesseeobama was in to try and compromise with the republicans. boehnerans, under john and the tea party that is pushing the tax deal come ever since they got into 2011 -- ident obama has not something that was explicitly endorsed from 35%. need to obviously return to manufacturing. in 2012 that we need t
anti-savings from the behavior. detroit would not have this now if we would not have a normal interest rate. that is a fact. lou: that is in a fact. there are so many other variables in there. we have this equilibrium of the employee unions, city governments that have been woefully lagged and managed. what are your thoughts about this from here? >> well i think people are getting far too historic about the potential quantitative easing. i think that a moderate reduction would be that dramatic. we gradually run out of people with high rate mortgages. you run out of other people who have benefits. so by definition, it has less of an impact. so it is more and more money producing less and less impact. it doesn't strike me as the right thing. lou: your outlook for growth ann appreciation of the markets? >> i think that we will stumble along mainly driven by a shareholder revolution. grant the export licenses, six the balance, lower everyone's utility groups. that would really stimulate the economy and the market. lou: thank you for being on. we look forward to seeing you soon. up next, tho
. >>> listen to this one. detroit on the rebound question mark there? federal, state and local officials are kicking off a new campaign spending more than $50 million to tear down thousands of abandoned buildings in order to help revive some of the city's hardest hit areas. let's talk about this. garrett tenney is live for us in the motor city. the big question is, is this going to help? >> reporter: well, heather of the goal of this program is to stablize neighborhoods and redice foreclosures like taking homes like these and making them look like this. stay away and scrappers will be shot. signs like these are common site in neighborhoods all across the motor city where there are more than 78,000 abandoned homes. most of them fallout from the housing crisis. more than 30 of those homes are on robert couch's small street and have become magnets for squatters, scrappers and criminals. >> bring our neighborhood down, our community down. it ain't no community. we tried to do what we can as neighbors. neighbors can't do it all by their self. >> reporter: now help is on the way in the form of
, not realizing the techniques being used to get you not to care, you know. detroit is bankrupt today. detroit is also bankrupt today after decades of socialism. decades of social welfare state. detroit is the future of every american city. when i was a child growing up, american cities were our g treasure. today american cities are a wasteland. they're a wasteland because of welfare, they're a wasteland because of broken families. the tragedy that's going on in our inare cities and around the country, which will spread to the suburbs, where children are not raised correctly, don't have an education, don't see a future, where the family is broken from the beginning, these tragedies -- someone has to stand up and say this is the lie that began in the new deal. this is the lie of government dependence. don't be satisfied as young people to be told you're not needed. don't be satisfied to be told that somebody in china or anywhere else can do your jobs better than you can do them. but fight for this. and if you listen to the lie, socialism always comes on to help you, and then in the end it impri
's public comments. >> that's right. it's simplified by the vice president is detroit was alive and bin laden was dead. they went on to say it was on the heels. this seems to call it into questions. it's not just groups that hit us in benghazi that this administration hasn't really focused on but al qaeda was the one they were focused on. also the progressive line that all we have to do is pull out of iraq, dwachb stan, roll over, play nice doggy and these people won't be as violent against us isn't true. basically we've shifted from offense to defense and this is what happens. >> quickly, what's the significance for you that this includes afghanistan? >> i think it shows central asia continues to be a real hot spot and even though they want the afghan war to be over, we still have to have the ability to act in central asia as long as asia and militants are there. >> thank you so much for your insight. good luck with the book. >> thanks, shannon. >>> peace negotiations continue. hopes are high but the path will not be easy. the defense minister joining us live with his thoughts next. >>
's interesting. i'm running out of time and i've got to get to this. the mcdonald's in bankrupt detroit was closed yesterday because of that $15 per hour fiat wage that they staged a strike. and bankrupt detroit's mcdonald closed. what, have you got anything to say about this $15 an hour fast food wage? >> this is unbelievable, stuart. it's so easy for the unions and politicians to go after multi-billion dollar corporations, these ceo's, who this has nothing to do with mcdonald's. they don't control the franchise wage scale. so you have mom and pop stores that are affected by this. less than 5% of fast food workers are affected by minimum wage. the average minimum wage worker in the united states, the family brings in $53,000 a year, and this is a grab and they're trying to get it through the minimum wage argument. stuart: relax, john, you've got the beach behind you and you'll be there i'm sure. >> yes, sir. stuart: he's in bermuda. great weekend to you. the top of the hour we've got the man who wrote the book on unions. and does he think this administration is going to cave to the rec
, and the underwear bomber in detroit, to place bombs on -- i forget if it was u.p.s. or fedex planes. we took out some of the senior leadership in pakistan and elsewhere. the obsession with drones, i find a little odd in the sense that the question is the war. al qaeda declared war on us in 1996. they vice president chan they haven't changed their mind. we're trying to defend ourselves and go after them. it's not just drones. we, of course, have done what we've done in afghanistan. i mean, would it be better if we were launching cruise missiles at us. they declared war against us, they are threatening us. yes, you know, violence begets violence. but when you have people out there specifically plotting to attack us, i don't think we can sit back and say, well, we don't want to risk making other people mad. al qaeda senior leadership and al qaeda in the arabian peninsula, you know, are actively plotting against us, we need to use the tools that are in our toolbox to disrupt those plots. >> congressman, any thoughts on how long the embassy closures will persist? >> you know, it's hard to say. depend
let detroit go, i'm telling you it will not happen. it will be some sort of a rescue that you will never know. but they will be rescued. we will see you tomorrow. every. i'm gerri willis. night on "the willis report" obamacare just went up again. and new warni for one group of patients in particula also, from bad thanks to news that the tsa is running wild. is good customer service debt and america? and the e fi things you should never buy at the supermarket. the outrageous markups on some of the most popular brands. we're watching out for you tonight on "the willis report." ♪ gerri: all that and more, but first our toptory tonight. new allegations that big banks are using big data ted discriminate against low-income customers tt they believe are mostikely to overdraft they're checking accouounts or bounce chks. big banks argue they're using the data bases to avoid fraud artists. here to weigh in, editor in chief of american banker and former vice president of goldman. i'm going to start with you. allegations tonight in the new york times that over a million low-income ameri
it happening at local level, detroit, cleveland, cincinnati, pittsburgh, kansas city, every time they raisin come taxeraisincome taxes the p, cities like kansas and st. louis, said if we fry to try to hike taxes on income we have to revisit the law to make sure we do not lose population. neil: going around them so maybe rich don't notice? >> it about why we need tax reform. so complicated, that people say enough, they throw up hands say enough, i think this shows we need to comp hencively reform u.s. tax code. neil: do you know what i think. when you leave your country over tax rates -- >> on some levels, my sympathy goes with the little guy, who is caught up in this. neil: are you a citizen in both country? >> i am a green card holder here. neil: you have kissed the -- >> no, i am still a citizen. >> there is a double jeopardy rule. we have a treaty, brits and americans do still talk. neil: we love you to date, and who could forget monty python. here i thought donald trump ruthless when it came to firing people on the spot, the guy at aol has him beat by a mile, at least donald fires them i
't have to look any more at greece and portugal. we can look close by at detroit . folks, that is a picture of where liberal progressive ideas go. detroit was america's premier city. highest per capita income in the country. proud of our country and the auto business there. but then as you had government unions grow and higher taxes, and more regulation, as you saw these liberal progressive ideas that were supposed to help the poor and build a middle class, what have we been left with in detroit? for minorities and the poor? unemployment, about 40%. has it helped children get a better education? only 7% of children in the eighth grade read at the grade level. has it created the prosperity that they talk about when a third of the buildings are empty, where you've got 400ly quor stores and until a few weeks ago not one chain super market in what was america's premier city. folks, it's not a theatrical argument any more. and the states of california and illinois and other states following that policy are not far behind in some form of bankruptcy. our ideas are being show cas
this is the city of detroit, which is bankrupt, they want to fund some of their bailout by dumping people onto obamacare and the funding stream. >> congressmen, there are some of your colleagues that seem timid. they think maybe this is the wrong strategy. i had a debate earlier this week with carl rove. he thinks it's the worst law that was passed in our time. i agree with him. and he said it was sold and p d predicated on a whole bunch of lies told by the american people, but he thinks strategically it should be done different, not through the efforts of defunding. every conservative i know wants republicans to defund it. where are your colleagues on this? >> it may literally be the only tool in the tool box to try to keep the train wreck from happening. and, you know, look, you see the train wreck coming down the track, aren't you going to try to do something to keep that from occurring? the law was never popular, it's never enjoyed a popular support. it's going to get worse when people understand -- right now you go to healthcare.gov in my state and try to click on a few boxes to try to s
to see if there's a baby there, and fortunately there was no baby in the car. and the man was detroited -- decorated by the town in florida for heroism, a insurance company also gave him an award. seven years later, this man, his name is scott prouty was working for a bartender as a catering company in south florida, and he is told along with the others what the catering company that bill clinton had been in the area repeatedly for a fund-raiser and had his picture taken. and this particular event was for romney, and he brought his camera along. i think you know some of the rest of the story. [laughter] i tell in in detail. i try to convey the motivation. in some ways it goes back to the event in the everglades. at one point after many hours of conversation, scott said to me, you know, i learned that night that if you can jump in, you must jump in. he was going do what it took to prevent romney from becoming president. this was all in a class context because what actually really first enraged scott that night was not the 47% which came later in the 48-minute tape, but some very complime
you think martin luther king would be saying about what has unfolded in detroit? >> well, i think obviously he would be very concerned. he would be outraged today that in america, black youth unemployment is close to 40% and real unemployment in this country is 14%. he talked about and led and moved toward that march on washington, that poor people's march at the time that he died, what he was talking about is an economy of full employment. massive investment in job creation and not just for african-americans. he was bringing together hispanics, poor whites and he was saying we have got to stand together and too often, ed, we forget about that aspect about martin luther king jr. and we simply focus on his enormously effective work in desegregating america. >> that day, what was the mood like? if you have to capture the emotion and memory about what that day was like, what would you say? >> enormous optimism, enormous excitement about the fact that so many people of all colors, of all ages came together in washington, d.c. that was unprecedented up until that point. the king speech
control. they want the deficit under control, stop spending. jon: very quickly, look at detroit. detroit declared bankruptcy in part because it has so many mandates to fund pensions and so forth that it cannot afford to pay -- >> right. jon: same kind of thing the federal government is facing. >> although the federal government has a magical printing press, jon, but you can't do that without consequence. so we do have to get this government and spending under control. jon: monica crowley, thank you. >> you bet, thanks. alisyn: well, a controversial program shaping up in california. suspects swapping their dna for a taste of freedom. coming up, we take a closer look at this. >>> and wooly mammoths roamed the earth tens of thousands of years ago, but could these prehistoric beasts be revived? one scientist is considering cloning the ice age giants. alisyn: right now orange county, california, playing let's make a deal with suspects: hand me other a sample of your dna, and you could go free in certain cases. will carr joins us live from our los angeles bureau with more. >> reporter: here's
their way. a city in california went bankrupt and had to file for bankruptcy. detroit is filing for bankruptcy. these democratic cities have democratic policies for such a long time. when they have their way, that's what happens. we continue on with these policies that are being pushed down our throats. that is going to happen to a larger scale. we cannot afford everything. we cannot be everything to everybody. we need to live within our means. i grew up among democrats. i hear this nonsense all the time. we need to live within our means. host: ron is from tip of florida this morning. -- is from tampa, florida this morning. we brought up the proposals tea party members are pushing. a possible government shutdown if government includes financing for the affordable care act and its proposal to extend government funding beyond that date. today's "washington post," he is a republican strategist talking about that strategy as a possible option under his headline -- scott is from maine on our independent line. talk about this idea of compromise. is it possible in today's political cli
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